Two-Building Boutique
New
For Sale
$2,200,000
61 Sumner Avenue Seaside Sands Inn, Seaside Heights, NJ 08751
Guest accommodations include multiple suite layouts, a studio apartment, and on-site laundry.
Property Size9,830 SF
Price / SF$223.80
Days on Market5
Property Features for 61 Sumner Avenue Seaside Sands Inn
General Information
Standard status
Active
Size
9,830 SF
Amenities
on-site laundry facilities
lobby/office area
comfortable seating area
Building Details
Year Built
1940
Buildings
2
Listing Agency:
Keller Williams Realty Freehold
Listed By:
Iftikhar Haq · License #0789304
(732) 769-1110
Source:
Soldbypattie
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 5 at 10:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Freehold
Investment Insights
Based on property information with market context.
Seaside Sands Inn is a renovated motel comprising two buildings and 18 guest rooms with double-queen, double-king, and single-queen configurations. Additional accommodations include two suites that each sleep up to 10 guests, a two-bedroom suite with a full kitchen and living and dining areas, and a studio apartment with a kitchen. The property also has a lobby and office with guest seating, on-site laundry, and off-street parking.
At 61 Sumner Avenue in Seaside Heights, the motel is within walking distance of the beach, boardwalk, dining, amusements, and water park. Its position near the town entrance provides convenient arrival access for guests.
At 61 Sumner Avenue in Seaside Heights, the motel is within walking distance of the beach, boardwalk, dining, amusements, and water park. Its position near the town entrance provides convenient arrival access for guests.
Key Highlights
- Two buildings with 18 guest rooms
- Room layouts include double‑queen, double‑king, and single‑queen configurations
- Two suites accommodate up to 10 guests each
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,440
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,428,800
$1.4M
Cap Rate 7%
$1,020,571
$1.0M
Cap Rate 9%
$793,778
$793.8K
Market Conditions
NOI Build-Up for 9,830 SF
Gross rent
$176.9K $18.00/SF
− Vacancy
−$26.5K −$2.70/SF
EGI
$150.4K $15.30/SF
− OpEx
−$79.0K −$8.03/SF
NOI
$71.4K $7.27/SF
Area
Ocean County, NJ
Vacancy
15.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,428,800
Cap Rate 7%
$1,020,571
Cap Rate 9%
$793,778
Alternative Uses
Best Use
Hotel Hospitality
$1.02M
$893.0K – $1.19M
NOI $71,440 @ 7.0% cap · market cap 3.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.57M
$2.25M – $2.99M
NOI $179,677 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
634
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08751, NJ
3,867
Population
5,319
Households
0.7
Avg Household Size
48
Median Age
39%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
2,975
Density / Sq Mi
$75,000
Median Household Income
$52,273
Median Earnings
$1,437
Median Rent
$583,000
Median Home Value
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Similar Off Market Nearby
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- SUMMER RENTALS — 74 O St, Seaside Park, NJ 08752
- Seaside Park Summer Rentals — 72 O St, Seaside Park, NJ 08752
Frequently Asked Questions
What type of property is this?
Motel - Guest accommodations include multiple suite layouts, a studio apartment, and on-site laundry.
Where is this motel located?
The property is located at 61 Sumner Avenue Seaside Sands Inn Seaside Heights, NJ.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Two buildings with 18 guest rooms; Room layouts include double‑queen, double‑king, and single‑queen configurations; Two suites accommodate up to 10 guests each
